Can anyone recall this effect occurring with a software product?
This old piece of common wisdom is probably mostly obsolete now that software is generally sold as a subscription...
I have seen people turn down free software because they mistakenly believe an expensive program must be better. But that's not really the same, since that isn't a form of showing off.
The only instance I can see where this might be true is with the Gold Apple watch (and that’s obviously not a purely software issue):
http://uk.businessinsider.com/apple-watch-edition-sold-out-i...
But in general I can’t really see this...